MarinePhinFan
New Member
anyone here ever try ordering anything from Silk Road?
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anyone here ever try ordering anything from Silk Road?
Hasn't Thailand been known to execute people for drug offences? Not sure I could get involved in that unless you know what you're getting yourself into.I've been thinking for a while of selling aas on Silk-Road that I can buy here in Thailand. It is true, most PEDs on that sight are outragously expensive and I could sell for much cheaper. I'll be debating it some more in my head. I really dont know if volume would be enough to make it worth while.
More on Silk Road:
https://thinksteroids.com/community/threads/134331299
https://thinksteroids.com/community/threads/134307531
And Silk Road alternatives:
https://thinksteroids.com/community/threads/134340162
I've been thinking for a while of selling aas on Silk-Road that I can buy here in Thailand. It is true, most PEDs on that sight are outragously expensive and I could sell for much cheaper. I'll be debating it some more in my head. I really dont know if volume would be enough to make it worth while.
Prices do seem a little high on some and outrageously high on others. I don't understand the dollar to bitcoin conversion though.
On Wednesday afternoon, the Bitcoin bubble appears to have burst. As of this writing, its current value is around $160—down from a high of $260. (It fell as low as $130 today.) There is no obvious explanation for why the digital currency has fallen so far and so fast, although the market correcting after such a huge rise might be a good explanation. (Update 4:05pm CT: Bitcoin seems to have somewhat recovered and appears to be hovering around $200. Update 6:00pm CT: The exchange rate has fallen back to around $160.)
Unlike traditional money, bitcoins exist in no physical form and are not backed by a central bank. Instead, the coins are created by a network of users who solve complex mathematical problems — a method known as “mining” — to generate bitcoins. Only a finite number of bitcoins can be created — 21 million — with the current count at about 11 million. A limited number of stores and Web sites are accepting bitcoin as payment, but for now it is primarily a vehicle for speculators.
“The value of bitcoins is determined by the value that various market participants place on bitcoins through their transactions,” the brothers’ filing says.
The currency grabbed the attention of global markets in April when the value of a single bitcoin spiked to more than $250 from $110, before plummeting. While there were questions about the survival of the currency, the value of a bitcoin has recently hovered around $100, making the total market worth about $1 billion.
In their S-1 filing with the Securities and Exchange Commission, the Winklevii are required to disclose risks that could negatively impact the value of the Winklevoss Bitcoin Trust. The filing provides a helpful reminder of all the ways that Bitcoin investing can go horribly wrong—whether you invest in the Winklevoss brothers’ fund or buy bitcoins on your own:
It's very volatile. This happened back in April 2013:
Bitcoin crashes, losing nearly half of its value in six hours:
Bitcoin crashes, losing nearly half of its value in six hours | Ars Technica
And more about Bitcoin...
http://dealbook.nytimes.com/2013/07/01/first-name-in-the-first-fund-for-bitcoins-winklevoss/?_r=0
Here are eight ways investing in Bitcoins could go horribly wrong
